Bills of concern:
HB3450 by Rep. Kevin Calvey, R-Oklahoma City, would increase the tuition tax credit scholarship for married couples to $3,000 and raise the cap on tax credits to $5 million annually. The bill retains the $100,000 tax credit for corporations. It will be heard in committee at 10:30 a.m. Monday, Feb. 19. Read more here.
HB 3537 by Rep. Chad Caldwell, R- Enid, would effectively eliminate the cap on available tuition tax credits and lower the amount of scholarships that must go to children from low-income families. The bill retains the $100,000 tax credit for corporations. The bill will be heard at 4 p.m. Monday, Feb. 26, in the House Appropriations and Budget committee. Please ask members of the committee to vote NO.
Sources: Oklahoma Equal Opportunity Scholarship Act, Opportunity Scholarship Fund Legislative Report, Catholic Schools Opportunity Scholarship Fund, Institute on Taxation and Economic Policy
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